Brazil

JBS has reported an 80% year-on-year drop in net income

JBS net income drops in second quarter

By Aidan Fortune

JBS suffered a mammoth 80% year-on-year drop in income for the second quarter of the year, due to growing net financial expenses. 

Hampton Creek CEO Josh Tetrick wants help from meat processors to ramp up production

Exclusive

Lab-grown meat firm in talks to license tech

By Oscar Rousseau

Hampton Creek has confirmed the Silicon Valley start-up is in talks to license its lab-grown meat technology to some of the world’s biggest meat companies.

Alfred Almanza joined JBS after nearly 40 years with FSIS. Image courtesy of the USDA

JBS hires former USDA food safety chief

By Oscar Rousseau

Brazilian meatpacker JBS has appointed the former head of the US government’s Food Safety and Inspection Service (FSIS) to overhaul meat quality control, following earlier claims of unhygienic standards.

Wesley Batista is the billionaire CEO of JBS

JBS rival Minerva Foods closes $300m takeover

By Oscar Rousseau

Downsizing at the world’s biggest meatpacker JBS is fully under way after its rival, Minerva Foods, closed a $300m acquisition of beef assets in Argentina, Paraguay and Uruguay.

Marel said it saw 'great' long-term potential in Brazil's meat industry

Marel taps into Brazil with Sulmaq acquisition

By Oscar Rousseau

Marel will acquire Brazilian meat processing solutions provider Sulmaq for an undisclosed sum as it sees “growth potential” in South America’s food production industry. 

The US does not expect to restore imports of Brazilian beef within 60 days

No timeline on restoring Brazilian beef imports

By Oscar Rousseau

Brazil needs to make serious progress on its meat inspections before any timeline can be set on lifting a US ban on imports of fresh beef, according to US agriculture secretary Sonny Perdue.

Brazil's pork exports are falling, in spite of rising Russian imports

Russia buys Brazilian pork due to lack of choice

By Oscar Rousseau

Brazil pork exports are down amid political turmoil, but Russia, which has alienated the world’s biggest pig meat traders, has little choice but to buy Brazilian.